Q4 real estate sales report: Elgin
From October to December, 362 homes sold in Elgin for a median price of $187,000. That's 4.2 percent higher than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, 12 homes in Elgin were in foreclosure.
Median property tax for homeowners in Elgin was $4,798.62 in 2017 according to tax data from that year. That means homeowners pay 2.7 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.